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US debt ceiling bill passes House with broad bipartisan support
THURSDAY, JUNE 01, 2023
A divided US House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default.
Republican McCarthy secures his position with debt ceiling win
THURSDAY, JUNE 01, 2023
Speaker of the US House of Representatives Kevin McCarthy celebrated "one of the best nights" since becoming a member of Congress on Wednesday, after navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden vowed to resist.
Republicans and Democrats vow to support debt ceiling 'compromise'
THURSDAY, JUNE 01, 2023
The US House of Representatives is due to vote on Wednesday on a bill to lift the government's $31.4 trillion debt ceiling, a critical step to avoid a destabilizing default that could come early next week without congressional action.
McCarthy defends debt deal amid pushback from hardline Republicans
WEDNESDAY, MAY 31, 2023
Top congressional Republican Kevin McCarthy on Tuesday urged reluctant members of his party to support a bipartisan deal to lift the $31.4 trillion US debt ceiling and avoid a catastrophic default.
McCarthy, Biden predict Congress will pass debt ceiling deal
MONDAY, MAY 29, 2023
US House Speaker Kevin McCarthy predicted on Sunday that a majority of his fellow Republicans would support the deal to suspend the $31.4 trillion debt ceiling that he negotiated at the weekend with President Joe Biden.
Biden, McCarthy meeting ends with no deal on debt ceiling
TUESDAY, MAY 23, 2023
President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the US government's $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the US economy but vowed to keep talking.
Biden 'confident' of reaching deal to avert default on US debt
THURSDAY, MAY 18, 2023
President Joe Biden and top US congressional Republican Kevin McCarthy said on Wednesday they aimed to reach a deal by Sunday to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default.
US lawmakers, Biden aides invoke China competition in debt fight
WEDNESDAY, MAY 17, 2023
Three of US President Joe Biden's top aides warned on Tuesday that budget cuts would undermine the country's ability to compete militarily, diplomatically and economically with China, a rare joint appearance in Congress underscoring Washington's focus on competing with the Asian power.
Biden, facing debt ceiling debate, could skip Australia part of Asia trip
WEDNESDAY, MAY 17, 2023
Democratic President Joe Biden and top congressional Republican Kevin McCarthy's US debt ceiling negotiations ended on Tuesday after less than an hour, as the looming fear of an unprecedented American debt default prompted Biden to cut short an upcoming Asia trip.
McCarthy sees "no movement" in debt talks ahead of Biden meeting
TUESDAY, MAY 16, 2023
US House Speaker Kevin McCarthy warned on Monday that there has been "no movement" toward an agreement to lift the $31.4 trillion debt ceiling in talks with the White House, and he warned that time is running out to get a deal through Congress and avoid a first-ever US default.
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